Yeah, unfortunately this may be an expensive lesson. There are already good suggestions here, the only thing I’ll add is if you have cash to put down on a lease and want to reduce your monthly payments, you can either use that money to put down security deposits which reduces the payment and you get that money refunded at the end of the lease (in this scenario, those would be paid back to you now), or if those aren’t available you can put that money aside in a safe HYSA and just make the larger payments to BMW but take draws off that account into your main account to make up for the difference. You’ll make some interest on that cash in the meantime and if the lease ends that money is still safe and sound in your account.
I know this doesn’t help your situation now, but might be useful for your next one.
Yeah, unfortunately this may be an expensive lesson. There are already good suggestions here, the only thing I’ll add is if you have cash to put down on a lease and want to reduce your monthly payments, you can either use that money to put down security deposits which reduces the payment and you get that money refunded at the end of the lease (in this scenario, those would be paid back to you now), or if those aren’t available you can put that money aside in a safe HYSA and just make the larger payments to BMW but take draws off that account into your main account to make up for the difference. You’ll make some interest on that cash in the meantime and if the lease ends that money is still safe and sound in your account.
I know this doesn’t help your situation now, but might be useful for your next one.